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Natural Gas is Bullish 9/28/21

On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 3657 tics of higher trade. I noted the week of April 26th we also broke back above a significant formation on the Weekly charts at 2779 that warned of continued strength in general—we have seen 3539 tics of this. NOTE: on a very macro basis, the break above 4904 projects this upward $3.38, which could take roughly 14 months to attain. Trade at 4058 would negate this projection.

On a shorter-term basis: Thursday I noted: the drift sideways on GLOBEX put this above the steep trendline, which may bring in strength—we have rallied over 1500 tics. The decent trade above 5020 (+.7 of a tic per/hour) warns of higher trade. We have seen 1298 tics of this so far. The decent trade above 6040 (+4 tics per/hour) has brought in 278 tics of strength above before failing back below major old resistance at 6316. This will come in at 6086 (+4 tics per/hour starting at 9:00am).

NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

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